Replies to post #8454 on Next Green Wave (fka NXGWF)

[Irish002]

[Baller1]

For a company trading at only $.16, yes earning $.02 in one quarter is good. For a company trading at $10, then $.02 wouldn’t be good at all unless it were a (1) seasonal business, (2) they are still in growth mode and not yet making $ or (3) there was some other one time events in the quarter. Even break even for NXGWF would have been a great sign bc it would show the bleeding has stopped and the company has turned the corner. It will get interesting when they can show a quarter of performance with the extraction facility fully online.

[Hunterdog]

Hey Pete:

Actually, that's a great question. Is $.02 / share profit for the quarter a good number?

Answer: Absolutely it's a GREAT number. If everything remains unchanged, that would equate to $.08 / share annualized profit.

Bear in mind that some to the largest cannabis companies, ones who have valuations in the BILLIONS! And they have never, ever, EVER reported a profitable quarter.

So YES, that's a great number.